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Wendy’s Drive-Through Restaurant
For Sale
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1416 E 191st St, Westfield, IN 46074

Freestanding Wendy’s property offered with a long-term NNN lease and scheduled rent increases.

Property SizeContact for details
Days on Market142

Property Features for 1416 E 191st St

General Information

Standard status Active
Property subtype Retail
Listing Agency: Garito & Company
Listed By: Timothy Garito · License #BK3412595
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Garito & Company

Investment Insights

Based on property information with market context.

This freestanding Wendy’s restaurant includes a drive-through and was constructed for an October 2019 opening. The offering includes the 100% fee simple interest in the real estate, together with a 20-year NNN lease. The lease provides for rent increases at five-year intervals and assigns no landlord responsibilities.

The property is located at 1416 E 191st St in Westfield, Indiana, directly adjacent to Grand Park and less than 2 miles from Chatham Hills Community. Its established branded restaurant format and drive-through component define the asset’s current use.

Key Highlights

  • Freestanding Wendy’s restaurant with drive‑through
  • 100% fee simple interest in the real estate
  • 20‑year NNN lease term

Property Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Grocery & Convenience Store Parking Lot & Garage Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

66
Businesses Nearby
59k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 49% Dining 45% Hotels & Casinos 6%
Family Express Shops & Services
29,030 visits/mo 0.1 miles
Wendy's Dining
16,026 visits/mo 0.1 miles
Starbucks Dining
10,863 visits/mo 0.1 miles
Springhill Suites Indianapolis Westfield Hotels & Casinos
3,566 visits/mo 0.2 miles

Demographics for 46074, IN

42,598
Population
17,118
Households
2.5
Avg Household Size
36
Median Age
61%
College-Educated
97%
High-School Grad
36.4 sq mi
ZIP Area
1,170
Density / Sq Mi
$123,580
Median Household Income
$60,250
Median Earnings
$1,550
Median Rent
$400,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Freestanding Wendy’s property offered with a long-term NNN lease and scheduled rent increases.
Where is this drive through restaurant located?
The property is located at 1416 E 191st St Westfield, IN.
What are key features of this property?
This property features: Freestanding Wendy’s restaurant with drive‑through; 100% fee simple interest in the real estate; 20‑year NNN lease term
(407) 777-9660 Call to check price and availability
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